Staking

Why Stake?

Staking benefits both the individual holder staking and the entire community.

Individual stakers – each staker receives $PAO every ~15 seconds their PogPunks are staked. For more information about what $PAO is, check out the section below.

Community – staking benefits the entire project by taking NFTs out of circulation. The floor of the project will rise as fewer PogPunks are listed on marketplaces.

As an added incentive for individuals to stake, each wallet (up until 1k PogPunks staked) that stakes more than 5 PogPunks will receive 1 free PogPunk for every 5 they have staked. For example, if you have 20 PogPunks staked, you'll receive 4 free PogPunks.

Additionally, we will be airdropping important components of our upcoming on-chain game to PogPunk stakers.

Check out how to stake here.

What is $PAO?

$PAO is a utility/governance token that will be used with the PogDAO. You can read more about what the PogDAO is and what the current treasury contains here. You can find more information about community voting here.

$PAO will also have future utility for getting access to items/currencies in the MVO. In the early stages of MVO, $PAO will be the only way to obtain those items.

How much is $PAO worth?

We do not assign a value to $PAO. In the future, we may incentive liquidity providers of $PAO, but as of now, there is no liquidity pool. The "value" of $PAO is that it is a utility/governance token. As a member of the DAO, you can vote on a variety of things including whether the DAO should buy/sell NFTs. If the DAO makes a profit on the trade, you can vote on what to do with those profits (eg: payout to holders, purchase more NFTs, etc.). You can read more about voting here.

In the future, the core team will be implementing use cases beyond governance that will give it some inherent "value".

For now, let's just say It may be used to purchase or earn things in the future...